Tan Sri Robert Kuok, the Kuok Group patriarch who relinquished his “Sugar King” crown last year, still tops the list of 40 richest people in Malaysia, followed by telecommunication tycoonTan Sri Ananda Krishnan.
Collectively, the country’s 40 richest people recorded an increase in their fortunes totalling RM156.7bil as at Jan 15, or 63% more than the RM96.3bil a year ago, on the back of a recovery in the stock market, a Malaysian Business survey reveals.
However, according to the fortnightly magazine’s survey results released in a statement yesterday, their combined wealth was still less than the RM171.9bil recorded in 2008.
The benchmark FBM KLCI rose 44.3% since its last survey as the world strives to get back on its feet following the global financial crisis.
As in the previous year, the wealth of the Top 40 was assessed based on the value of their stakes in listed companies as at Jan 15 this year.
The survey also revealed that close to half on this year’s list recorded jumps of 50% or more. There are also more billionaires — 22, eight more than last year.
Media-shy and telecommunication tycoon Ananda Krishnan ranked second, clocking in at RM27bil.
IOI Corporation Bhd’sTan Sri Lee Shin Chen was third with RM11.92bil, followed by prominent bankerTan Sri Teh Hong Piowat RM10.86bil.
Genting Group’sTan Sri Lim KokThay, valued at RM10.38bil, leapt a full 10 spots to No. 5. This was because he assumed a large chunk of the wealth of his late father, Tan Sri Lim Goh Tong.
Hong Leong Group’sTan Sri QuekLeng Chan took the sixth spot at RM7.09bil while Tan Sri Syed MokhtarAlbukhary of the Albukhary Foundation, valued at RM6.01bil, was seventh.
Others in the Top 10 ranking were Lim Goh Tong’s widowPuan Sri Lee Kim Hua, Tan Sri TiongHiew King of RimbunanHijau Group and Tan Sri Vincent Tan of Berjaya Group.
There were five newcomers in the list — Lee SweeEng of the KNM Group, brothers...